It's not all tech companies and luxury condos in South Lake Union. Via PSBJ, two biotech real estate companies have big plans for the ever-developing neighborhood as well.
BioMed Realty Trust said they have an agreement in place to buy the block between Roy & Valley streets and Dexter & Eighth avenues north, just a few blocks from Lake Union and one block from Aurora Avenue (pictured above). The site was previously home to industrial dry cleaning and auto repair businesses that required $15M of environmental clean-up by previous owner, Frontier Renewal.
Meanwhile, Alexandria Real Estate Equities has proposed an 11-story office building on Dexter between Republican & Harrison streets. The building will include 254K square-feet of office space, 15K square feet of ground-level commercial space and 349 underground parking stalls. Plans go before the design review board on March 19.
· Biotech real estate companies plan 2 big projects in Seattle's South Lake Union [PSBJ]